4 Balance Sheet Metrics ( millions) Total Debt Capital Structure 2014 1,527 Cash and Cash Equivalents 25 1,454 1,360 Total Debt (including current portion): 1,257 Term Loan B due 2019, net of discount 780 987 Global ABL…
5 Pre-FEED & FEED Gates (Front End Engineering & Design) MRC engages with EPCs and owners to bring value through engineering and materials management support activities throughout a project life cycle. Detail Start-Up & Pre-FEED…
6 Detail Engineering, Execution, & Construction Gates Detail Start-Up & Pre-FEED FEED Execution Construction Engineering Operations Sourcing Expertise Chevron Leverage bulk buys with project approved Gorgon LNG…
7 Start Up Gate & MRO Operations Detail Start-Up & Pre-FEED FEED Execution Construction Engineering Operations Provide Point of Use trailers for high Phillips 66 use items (e.g. bolts, gaskets, fittings, 200+ mile Pipeline…
8 Investment Thesis Highlights Macro drivers MRC Global attributes Growth in global energy consumption Market leader driving investment Exposed to all sectors of global energy Increased global production Long term global customer…
9 Appendix
10 Adjusted EBITDA Reconciliation Year Ended December 31 ( millions) 2014 2013 2012 2011 2010 Net income 144.1 152.1 118.0 29.0 (51.8) Income tax expense 81.8 84.8 63.7 26.8 (23.4) Interest expense 61.8 60.7 112.5 136.8 139.6…